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16. Interpretation; Captions. The section headings used herein are solely for <br />convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this <br />Agreement is the product of negotiation and compromise on the part of both Parties, and the <br />Parties agree, that since both Parties have participated in the negotiation and drafting of this <br />Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather <br />according to its fair meaning as a whole, as if both Parties had prepared it. <br />17. Time. Time is of the essence of this Agreement and of each provision hereof. <br />18. No Joint Venture. The relationship of the Parties is solely that of licensor and <br />licensee, and no joint venture or other partnership exists or is created between the Parties. <br />Neither Party assumes any fiduciary relationship hereunder to the other. <br />19. No Third Party Beneficiaries. Nothing contained in this Agreement is intended <br />by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties <br />or by any third person, to be for the benefit of any third party, nor shall any third party have any <br />right to enforce any provision of this Agreement or be entitled to damages for any breach of any <br />of the provisions of this Agreement. <br />20. Amendments. This Agreement may be modified or amended only by an <br />instrument in writing executed by the Parties. <br />21. Assi~mment Prohibited. This Agreement and the rights conferred hereunder may <br />not be assigned by operation of law or otherwise absent the express written consent of the City. <br />22. Counterparts. This Agreement maybe executed in multiple counterparts, each of <br />which shall be an original, and all of which taken together shall constitute one agreement. <br />23. Further Assurances. The Parties each agree to undertake such other actions as <br />may reasonably be necessary to carry out the intent of this Agreement, including without <br />limitation, the execution of any additional documents which may be required to effectuate the <br />transactions contemplated hereby. <br />24. Severability. If any term, provision, or condition of this Agreement is held by a <br />court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement <br />shall continue in full force and effect unless the rights and obligations of the Parties have been <br />materially altered or abridged thereby. <br />25. Non-Liabilit~of Officials Employees and A eg nts. No member, official, <br />employee or agent of City shall be personally liable in the event of any default or breach <br />hereunder by either Party. <br />SIGNATURES ON FOLLOWING PAGE. <br />